Latest news with #NinhThuan
Bloomberg
25-06-2025
- Business
- Bloomberg
Vietnam Seeks Urgent Talks With Russia to Speed Nuclear Energy
Vietnam is seeking urgent discussions with Russia in an effort to accelerate its nuclear program, flagging risks to the country's goal of having a reactor in operation by the end of the decade. The government has asked authorities to ' urgently organize negotiations ' with Russia to move forward on signing an investment cooperation agreement for development of the Ninh Thuan 1 nuclear power plant in August, according to a statement posted on the Vietnamese government's website.
Al Arabiya
24-06-2025
- Business
- Al Arabiya
Vietnam aims to sign nuclear power plant deal with Russia in August
Vietnam's government said on Tuesday it aims to sign an agreement with its Russian counterpart in August to build the Southeast Asian country's first nuclear power plant. Site clearance for development of the plant in Ninh Thuan province is to be completed by the end of this year, the government said in a statement. The move follows Vietnam's restart of plans to develop nuclear power plants that were suspended nearly a decade ago, as part of its efforts to ramp up its power generation capacity to support its fast-growing economy. The government has previously said it expected the first nuclear power plants with a combined capacity of up to 6.4 gigawatts to be online between 2030 and 2035. The government said on Tuesday it has told the finance ministry, central bank, state energy firm Petrovietnam and utility firm EVN to work with related parties on loans for the project.
Arab News
24-06-2025
- Business
- Arab News
Vietnam aims to sign nuclear power plant deal with Russia in August
HANOI: Vietnam's government said on Tuesday it aims to sign an agreement with its Russian counterpart in August to build the Southeast Asian country's first nuclear power plant. Site clearance for development of the plant in Ninh Thuan province is to be completed by the end of this year, the government said in a statement. The move follows Vietnam's restart of plans to develop nuclear power plants that were suspended nearly a decade ago, as part of its efforts to ramp up its power generation capacity to support its fast-growing economy. The government has previously said it expected the first nuclear power plants with a combined capacity of up to 6.4 gigawatts to be online between 2030 and 2035. The government said on Tuesday it has told the finance ministry, central bank, state energy firm Petrovietnam and utility firm EVN to work with related parties on loans for the project.
Free Malaysia Today
08-05-2025
- Business
- Free Malaysia Today
Vietnam jails former minister over solar energy pricing scheme
The former deputy minister of trade and industry chaired state-owned Electricity of Vietnam between 2012 and 2015. (EPA Images pic) HANOI : A court in Vietnam jailed a former deputy minister of industry and trade for six years on Tuesday after finding him guilty of 'power abuse' in a solar energy development plan. The Southeast Asian country has committed to reaching net zero carbon emissions by 2050 and is trying to increase wind and solar production to meet soaring demand. Hoang Quoc Vuong, 62, admitted taking a US$57,600 bribe to favour solar power plants in southern Ninh Thuan province with special pricing when they sold power to the national electricity company. Vuong was the deputy minister of trade and industry between 2015 and 2020 and chaired state-owned Electricity of Vietnam (EVN) between 2012 and 2015. According to the verdict, EVN spent almost US$154 million (4,000 billion dong) to buy solar power from three solar power plants in Ninh Thuan province between 2018 and 2020, causing a loss of more than US$40 million to the state budget. Vuong admitted to the court that he received a bribe but his family had paid the amount back. 'I think during my public work performance, I had done things wrong, causing losses. So, I take responsibility in paying the amount back to the state,' Vuong told the court. Vuong said in his final words before the court that his 'wrongdoings were painful lessons, erasing my contributions (to the state) in various positions'. Eleven other energy and tax officials involved in the case were also put on trial. They were given punishments that ranged from suspended sentences of three years to six years in jail for abuse of power and lack of responsibilities. The court in Hanoi also ordered three power plants that benefited from the power sales to EVN to pay the US$40 million of losses back to the state-owned group.
